Global tensions, USA storms and economy lift oil, Kuwaiti bank says

13 September, 2017, 00:44 | Author: Chad Mckenzie

To take note of, both Saudi energy minister Khalid al-Falih and his Venezuelan counterpart, Eulogio del Pino, reportedly said their two countries were already exceeding their commitments under the output cut deal.

Opec and other producers including Russia, Mexico and Kazakhstan pledged to reduce output by about 1.8 million barrels a day to eliminate a global surplus that was weighing on prices. Though the prospect of an extension has again grabbed headlines in the latest news reports about the discussions between Saudi Arabia, Venezuela, the UAE and Kazakhstan on the sidelines of an event in the Kazakh capital of Astana, we don't see any impact on sentiment in the oil market.

US crude futures rose 17 cents, or 0.35%, to $48.24 a barrel on the New York Mercantile Exchange.

How Zoos, Wildlife Centers Are Preparing for Hurricane Irma
Large animals such as lions, elephants and apes have not been evacuated, since their enclosures were fortified after Andrew. Zoo Miami is keeping its 3,000 animals - from flamingos to cheetahs - pretty much put as it prepares for the coming storm.

After the API report, US gasoline futures rose RBc1, surpassing their session high.

Hurricane Irma, which has been moving inland over the southeastern parts of the U.S., has affected at least nine states so far, among them Florida, Georgia, Alabama and SC, causing storm surges and flooding and cutting off power supplies.

Analysts anticipate the power outages and the evacuation of the region may damp consumer appetite for crude. The new agreement extends the production deal for nine months until March 2018. In the first half of this year, crude oil price declined by around 15 percent, which is its worst H1 showing in 19 years.

In August, production rose in Nigeria, which has been exempted from output curbs, OPEC said.

Resurgent production in the two African countries has caused headaches for other cartel members such as Saudi Arabia, which cut its production to below 10 million barrels per day in August but isn't seeing dramatically increased revenue from higher prices. Still, on a net basis, USA crude inventory builds could grow to record levels with smaller production draws in the coming week, Goldman Sachs said.

However, contributions never really justify his significance to the team. "He produces a huge (number) of passes and assists". With Liverpool's defence all over the shop, Benjamin Mendy and Kyle Walker were the key to City's destructive attack.

The concert was the Grammy winner's first official live performance since giving birth to her son, Eissa, in January. Janet met with one special person, Brid'gell Rice, who suffers from epilepsy and had a seizure early that morning.

For smaller regional institutions like Misericordia University, name recognition plays a negative factor in the rankings. Luzerne County oldest college and newest university is in a six-way tie for 41 place with 63 overall points.

According to the reports , the ban will be limited to exchange-based trading and will not affect over-the-counter transactions. All three venues reported transactions yesterday, with bitcoin rising 6.3 per cent on OKCoin as of 11.56am local time.

Mbappe's future was one of the stories of the summer as Europe's top clubs scrambled to sign the talented French forward. PSG will be playing away at Metz in Ligue 1 on Friday, and Mbappe may likely make his debut.

The Springboks won successive matches against Argentina before drawing 23-23 with Australia in Perth on Saturday. This has left coach Steve Hansen unimpressed as they prepare to face arch-rivals South Africa next weekend.

Still living with the damages from Hurricane Sandy, New Yorkers know those preparing for Irma need help now. How was the approach to San Juan? "Amazing stuff", Rabinowitz tweeted as the plane departed.

At the same time, Irma strengthened back into a Category 5 storm Friday night, after weakening to a Category 4 earlier in the day. Hurricane Katia , the sixth hurricane of the 2017 season, is expected to make landfall in Mexico early Saturday morning.

Popular

Katia dissipates over Mexico but heavy rainfall continues
It's then predicted to turn northeast, traveling north of the coast of Puerto Rico on Sunday before turning back into the ocean. As of 7 a.m., Hurricane Katia was 210 miles east of Tampico, Mexico, and 195 miles northeast of Veracruz, Mexico.

Google appeals $2.9 billion antitrust fine from EU
The European Commission said "it will defend its decision in court", while Google declined to comment on details of its appeal. A court spokeswoman said Google has not asked for an interim order to suspend the decision to levy an fine.

Odell Beckham Jr. unlikely to play Sunday night
The New York Giants head down to Arlington to take on the Dallas Cowboys for the first Sunday Night Football game of the season. The diminutive receiver led the team in receptions a year ago with 75, making him an especially effective play in PPR leagues.

Crane cracks and falls in Miami
Miami Heat officials said some of the arena's exterior paneling was damaged, but there was no structural damage. Abby Ape lives near where the crane collapsed in downtown Miami . "AVOID THE AREA!" the city's tweet said.

32 dead in massive quake in Mexico
The quake was felt in Mexico City which is more than 650 miles from the epicenter, with people fleeing apartment buildings. At least five people have been killed, including two children, in the Mexican state of Tabasco, KCTV5 News reported.

Gap to close 200 stores in next three years
Over that time period, it will shift its focus to growing brands Old Navy and Athleta and open about 270 of those stores. The company announced this week that it will close 200 poor-performing Gap and Banana Republic stores.

OR rides explosive first half to 42-35 win over Nebraska
The Huskers offense, though, went three-and-out and punted to OR , which took possession with 10:10 remaining until halftime. New quarterback Tanner Lee threw for two scores and no interceptions in his Nebraska debut, but forced a few throws as well.

Cubs, Brewers set to meet at Wrigley Field
Nelson was the winning pitcher, and his 2017 season comes to an end with the pitcher having won each of his last three starts. Their confidence and resilience has been strong all season, and there's no reason to believe that will change any time soon.